As much as we love the Internet, we can’t deny it’s huge impact on our lives and even on the economy. It has changed certain things for the better for sure. Even though I live in a small village, I can order anything I need via Amazon instead of having to drive 30 miles to a big city.
But the Internet certainly also has had negative effects economically speaking. One of the industries most affected by the Internet is probably the music industry. Did you know:
- between 2000 en 2012 record sales in stores declined more than 76%
- between 2000 and 2009 cd sales dropped 50%
- in January 2012 digital music sales surpassed physical sales for the first time, now making up 50,3% of all music sales
- from 1999 to 2009 full album sales dropped 55%, whereas individual song sales went up from 0 to 1.2 billion
What’s your conclusion?
[via Infographic List]